Insurance Times Awards 2024: Sedgwick’s carbon values calculator supports 2030 net-zero carbon target

1. Why did you put yourselves forward for the Sustainability Initiative of the Year category?

Our unwavering commitment to a dynamic, business-wide ESG strategy is evidenced in our achievements over the last twelve months.

In 2023, we reduced our carbon footprint by 26% and, in 2024, our UK business was certified carbon neutral. We introduced our high-performing carbon values calculator and developed a range of environmentally friendly, cost-neutral restoration and recycling options that reduce the carbon costs of insurance-related building repairs.

We also created the carbon reduction surveyor role to promote and accelerate change.

We continue collaborating closely with our clients to support a shared goal of achieving carbon net-zero status by 2030.

2. What do you think makes your entry stand out, and why should you win the award?

Our dynamic and fully integrated carbon values calculator provides our insurer and broker clients with accurate carbon emissions data for insurance-related building repairs.

This first-to-market initiative has enabled the industry to assign an accurate estimate of carbon costs to domestic and commercial property claims. This service is provided at no additional cost and supports our partnership approach towards promoting sustainable claims management practices.

Combined with our wider, far-reaching programme of innovative carbon reduction initiatives, we are creating new ESG standards in the market.

3. What would winning this award mean to you and your firm?

Establishing sustainable claims management practices for the future requires a concrete commitment to achieving common goals.

Winning the Sustainability Initiative of the Year Award would recognise our investment as a business – not just financially but also in our robust engagement for change.

It would be a testament to every colleague within the company who has responded to the challenge of making a real impact within our own operations and the industry.